Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Turkish steel producers made no new deep-sea bookings on Monday September 27 due to weak finished steel demand, but a cargo deal from late last week came to light.A steel mill in the Marmara region booked a Baltic Sea cargo at $433 per tonne cfr for heavy melting scrap 1&2 (80:20) late on Friday September 24. The cargo breakdown was not clear at the time of publication.This cargo deal compares wit...Read More
China's domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.DomesticEastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and pric...Read More
Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Swiss trading firm SiderAlloys has hired Matteo Chareun this month as manager of its commercial division, Chareun told Fastmarkets.Prior to this role, Chareun spent seven years as commercial division manager at Swiss trading house Euromet SA, a position in which he...Read More
Seaborne coking coal cfr prices decreased on Monday September 27 due to market participants' expectations of lower demand in the coming months.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $594.56 per tonne, down $6.26 per tonneHard coking coal, cfr Jingtang: $529.82 per tonne, down $45.41 per tonnePremium hard coking coal, fob DBCT: $406.07 per tonne, up $0.08 per tonneHard coking co...Read More
Fastmarkets proposes changes to the name and specifications of its UG2 chrome ore price index.Fastmarkets proposes to change the specification for its chrome ore South Africa UG2 concentrates index basis 42%, cif China to include MG material and to amend some qualities, including to clarify a base chrome iron ratio and to implement a normalization process to meet this base level. Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More
Fastmarkets proposes to amend the publication timing of its ferro-chrome benchmark indicator and its ferro-chrome cif China price.For its ferro-chrome lumpy Cr benchmark indicator, charge basis 52% (and high carbon), Europe and ferro-chrome 50% Cr import, cif main Chinese ports price assessment, Fastmarkets proposes changing the publication time.The proposed specifications would be (proposed...Read More
Prices for seaborne iron ore concentrate and pellets fell further in the week ended Friday September 24 amid thin trading caused by weak demand attributed to a public holiday in China last week.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $37.20 per tonne, up $3.50 per tonne66% Fe concentrate, cfr Qingdao: $125.70 per tonne, down $9.84 per tonne65% Fe blast furnace pell...Read More
China's domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.DomesticEastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and pric...Read More
Swiss trading firm SiderAlloys has hired Matteo Chareun this month as manager of its commercial division, Chareun told Fastmarkets.Prior to this role, Chareun spent seven years as commercial division manager at Swiss trading house Euromet SA, a position in which he...Read More
Domestic prices for hot-rolled coil (HRC) in Northern Europe and Italy were broadly stable on Monday September 27, with buyers holding back from trading after prices fell the week before, sources told Fastmarkets.Spot buyers have refrained from making deals due to high stocks. They expect domestic prices to decrease further and supply to remain sufficient.Automotive manufacturers, which typically...Read More
Base metals prices were mainly lower across both the London Metal Exchange and the Shanghai Futures Exchange on Tuesday September 28, the exception was LME copper.* Oil prices extend gains; spot Brent crude approaching $80 per barrel.* US 10-year treasuries yields push through 1.5%.Base metalsThe three-month copper price on the LME was up by 0.3% at $9,376.50 per tonne and seemed buoyant this morn...Read More
The latest data for the global manganese ore market for the week ended September 27, 2021.Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Export rebar and wire rod prices from the Commonwealth of Independent States continued to slide at the end of September amid a lack of trading and competition with Turkish suppliers, sources told Fastmarkets.Rebar offers, which were coming mainly from Ukraine, were varying within the range of $690-710 per tonne fob Black Sea in the week to Monday September 27, against $710-720 per tonne fob a week...Read More
Domestic prices for hot-rolled coil (HRC) in Northern Europe and Italy were broadly stable on Monday September 27, with buyers holding back from trading after prices fell the week before, sources told Fastmarkets.Spot buyers have refrained from making deals due to high stocks. They expect domestic prices to decrease further and supply to remain sufficient.Automotive manufacturers, which typically...Read More
China's domestic hot-rolled coil prices rebounded on Monday September 27, with futures charting a recovery amid news that tight electricity supply in China as well as local governments' rush to meet energy consumption targets were affecting steel production rates.DomesticEastern China (Shanghai): 5,700-5,750 yuan ($882-890) per tonne, up by 20-30 yuan per tonneThe most-traded HRC contract on the S...Read More